Commercial Bank of Dubai PSC (DFM: CBD)

CBD Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	6,422	5,901	3,311	2,689	2,865	3,177
Interest Income on Investments	-	-	-	2.93	2.79	3.49
Total Interest Income	6,422	5,901	3,311	2,692	2,868	3,181
Interest Paid on Deposits	2,987	2,629	909.96	611.26	978.81	1,212
Net Interest Income	3,435	3,272	2,401	2,081	1,889	1,969
Net Interest Income Growth (YoY)	15.46%	36.24%	15.41%	10.13%	-4.05%	2.75%
Gain (Loss) on Sale of Assets	-	-	-	-0.04	15.65	73.64
Gain (Loss) on Sale of Investments	4.61	1.08	1.65	56.55	167.88	54.7
Gain (Loss) on Sale of Equity Investments	16.8	16.8	8.58	11.53	5.99	4.32
Other Non-Interest Income	1,730	1,648	1,401	1,034	904.96	931.65
Total Non-Interest Income	1,751	1,666	1,411	1,102	1,094	1,064
Non-Interest Income Growth (YoY)	11.93%	18.10%	27.98%	0.71%	2.83%	31.49%
Revenues Before Loan Losses	5,186	4,938	3,812	3,183	2,984	3,033
Provision for Loan Losses	874.86	1,060	990.6	826.02	1,041	740.8
Revenue	4,311	3,878	2,822	2,357	1,943	2,293
Revenue Growth (YoY)	31.21%	37.44%	19.71%	21.33%	-15.26%	12.05%
Salaries and Employee Benefits	744.75	722.31	586.32	-	-	-
Occupancy Expenses	52.19	49.41	35.77	29.65	27.88	70.4
Selling, General & Administrative	494.83	456.13	374.52	835.41	779.42	814.77
Other Non-Interest Expense	-	-	-	41.5	15.37	3.9
Total Non-Interest Expense	1,292	1,228	996.61	906.56	822.67	889.07
EBT Excluding Unusual Items	3,020	2,650	1,825	1,451	1,120	1,404
Asset Writedown	-	-	-	-	-	-3.32
Pretax Income	3,020	2,650	1,825	1,451	1,120	1,400
Net Income	2,877	2,650	1,825	1,451	1,120	1,400
Preferred Dividends & Other Adjustments	132.23	132.23	132.23	133.77	7.95	-
Net Income to Common	2,745	2,518	1,693	1,317	1,112	1,400
Net Income Growth	31.72%	45.21%	25.82%	29.50%	-20.00%	20.49%
Basic Shares Outstanding	2,985	2,985	2,985	2,985	2,985	2,985
Diluted Shares Outstanding	2,985	2,985	2,985	2,985	2,985	2,985
Shares Change (YoY)	-0.00%	-	-	-	-	-
EPS (Basic)	0.92	0.84	0.57	0.44	0.37	0.47
EPS (Diluted)	0.92	0.84	0.57	0.44	0.37	0.47
EPS Growth	33.77%	48.74%	28.56%	18.40%	-20.57%	20.49%
Dividend Per Share	0.444	0.444	0.245	0.243	0.188	0.194
Dividend Growth	81.44%	81.44%	0.66%	29.39%	-3.35%	0%

Source: S&P Capital IQ. Banks template. Financial Sources.